US-China trade tension ease boosts Vietnam’s stock market
Both indexes of the Vietnamese stock market ended in green on December 3, driven by the agreement between US President Donald Trump and Chinese President Xi Jinping to ease trade tensions.
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The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) rose by 25.05 points, or 2.7%, to reach 951.59 points as the prices of 224 stocks increased and 82 others declined.
More than 209.8 million shares were traded at over VND4.88 trillion (US$209.2 million) on the southern bourse.
Large-cap stocks were among the biggest contributors to the market. They included GAS, up 6.8% to VND97,000 per share; VNM, up 4.4% to VND133,600; HPG, up 4.8% to VND34,800; and MSN, up 2.8% to VND82,200.
Banking stocks were also a driving force for the upward trend. Notably, BID climbed 6.8% to hit VND33,550 per share. CTG hiked up 5%, MBB by 2.8%, SHB 2.7%, STB 5.3%, TCB 4.4%, and VCB by 4.7%.
Green also dominated oil and gas stocks such as PVB, up 4.6%; PVC by 3.3%; PVD, 6%; and PVS, 4.7%.
On the Hanoi Stock Exchange (HNX), the HNX-Index closed at 107.64 points, up 2.81 points or 2.69%.
More than 44 million shares worth over VND677 billion were traded. Ninety-five stocks recorded price rises, while 57 others witnessed decreases.
